Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 2250 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 3045.78 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3236.26 |
| 2nd High | 3069.07 |
| Next High | 3045.78 |
| Current Price | 2411.220000000 |
| Next Low | 2250 |
| 2nd Low | 2111.89 |
| 3rd Low | 1778.94 |
3045.78 – 3035.08 – 2957.04 – 2250 – 2636.01 – 2689 —
2424.980000000 – 2449.440000000 —
20.674020148619 – 28.646344310843 —
– —
3045.78000 – 1769605200
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Black Crows – – –